Global Alumina Market Expected to Grow in Value from $61, 093.4 Million in 2018 to $54, 907.3 Million by 2024 with a CAGR of 2.2% - ResearchAndMarkets.com
Valued at $61,093.4 million in 2018, the global alumina market is predicted to reach $54,907.3 million by 2024, registering a CAGR of 2.2% during the forecast period (2019-2024).
The "Alumina Market Research Report: By Type, Application, Geographical Outlook - Global Industry Analysis and Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Valued at $61,093.4 million in 2018, the global alumina market is predicted to reach $54,907.3 million by 2024, registering a CAGR of 2.2% during the forecast period (2019-2024).
The demand for alumina is witnessing growth due to the rising requirement for high-specialty alumina in refractories and improved substrates used in various end-use industries. Alumina or aluminum oxide is a naturally occurring corundum, which is available in two different grades: chemical and metallurgical. The former is mainly used in the manufacturing of ceramics, refractories, glass, while the latter is mainly used for aluminum production.
The alumina market is observing the trend of shifting of alumina production to the Asia-Pacific (APAC) region. This can be correlated to the rising production of bauxite in the region, which serves as the primary raw material for alumina production. Countries, such as Indonesia, Australia, China, Malaysia, and India are involved in the high-volume production of alumina. Additionally, the region would experience a high demand for chemical and metallurgical-grade alumina, which would boost their production in the region.
The alumina market is witnessing growth due to the rising demand for high-specialty alumina in refractories. The rising industrialization and macroeconomic growth across Eastern Europe and APAC, has given a major boost to the construction industry, which, in turn, has resulted in a surging demand for high-quality products, such as glass, specialty steel, and glass. The high-volume of steel production and adoption is expected to be high in countries, such as Russia, the U.S., the U.K., India, and China, which would further drive the demand for alumina at the primary refractory level.
The alumina market is predicted to register remarkable growth due to the possible novel applications of alumina. The demand for chemical alumina is expected to rise due to the increasing manufacturing of novel products, which has been made possible due to numerous technological advancements. Further, with the rising environmental concerns, the demand for energy-efficient and environment-friendly products is growing. The chemical-grade alumina is also used in the manufacture of lithium-ion batteries to make stationary energy storage devices and in wastewater treatment.
Therefore, the market for alumina is set to prosper in the forecast period due to its growing demand across various end-use industries.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of market Segments
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.2 Drivers
4.3.3 Restraints
4.3.4 Opportunities
Chapter 5. Global Market Size and forecast
5.1 By Type
5.1.1 Calcined alumina, By Type
5.2 By Application
5.2.1 Refractories, By Alumina Type
5.2.1.1 Tabular alumina for refractories, by application
5.2.1.2 Calcined alumina for refractories, by application
5.2.1.3 Reactive alumina for refractories, by application
5.2.1.4 Fused alumina for refractories, by application
5.2.2 Ceramics, By type
5.2.2.1 Traditional ceramics, by alumina type
5.2.2.2 Advanced ceramics, by alumina type
5.2.3 Abrasives, By alumina type
5.3 By Region
Chapter 6. North America Market Size and Forecast
6.1 By type
6.2 By Application
6.3 By Country
Chapter 7. Europe Market Size and Forecast
7.1 By Type
7.2 By Application
7.3 By Country
Chapter 8. APAC Market Size and Forecast
8.1 By Type
8.2 By Application
8.3 By Country
Chapter 9. LATAM Market Size and Forecast
9.1 By Type
9.2 By Application
9.3 By Country
Chapter 10. MEA Market Size and Forecast
10.1 By Type
10.2 By Application
10.3 By Country
Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Competitive Benchmarking of Key Players
11.3 List of Other market Players
11.4 Strategic Developments of Key Players
Chapter 12. Consumer Profiles
12.1 List of Alumina Refractory Manufacturers
12.2 List of Other Alumina Refractory Manufacturers
12.3 List of Alumina Refractory Customers
Chapter 13. Company Profiles
13.1 Hindalco Industries Limited
13.2 United Company RUSAL Plc
13.3 Rio Tinto plc
13.4 Aluminum Corporation of China Limited
13.5 Alcoa Corporation
13.6 National Aluminium Company Limited (NALCO)
13.7 Norsk Hydro ASA
13.8 South32 Limited
13.9 Almatis B.V.
13.10 CVG Bauxilum CA
13.11 Alumina Limited
For more information about this report visit https://www.researchandmarkets.com/r/qnktvl
View source version on businesswire.com: https://www.businesswire.com/news/home/20200204005608/en/